Perpetual Ltd acquired a new position in shares of Ventas, Inc. (NYSE:VTR) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 52,758 shares of the real estate investment trust’s stock, valued at approximately $3,606,000.
Several other institutional investors have also recently added to or reduced their stakes in VTR. Cornerstone Advisors Inc. lifted its position in shares of Ventas by 88.9% during the 1st quarter. Cornerstone Advisors Inc. now owns 391 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 184 shares during the last quarter. Massey Quick Simon & CO. LLC purchased a new stake in shares of Ventas during the 1st quarter worth $26,000. Gradient Investments LLC lifted its position in shares of Ventas by 1,007.7% during the 2nd quarter. Gradient Investments LLC now owns 432 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 393 shares during the last quarter. Heritage Wealth Advisors lifted its position in shares of Ventas by 59.3% during the 1st quarter. Heritage Wealth Advisors now owns 478 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 178 shares during the last quarter. Finally, Investors Research Corp purchased a new stake in shares of Ventas during the 1st quarter worth $32,000. 83.82% of the stock is owned by institutional investors and hedge funds.
In other news, Chairman Debra A. Cafaro sold 68,084 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $66.54, for a total value of $4,530,309.36. Following the completion of the sale, the chairman now directly owns 805,835 shares of the company’s stock, valued at $53,620,260.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Debra A. Cafaro sold 68,080 shares of the company’s stock in a transaction dated Wednesday, June 19th. The shares were sold at an average price of $69.04, for a total transaction of $4,700,243.20. Following the completion of the sale, the chairman now directly owns 741,358 shares of the company’s stock, valued at $51,183,356.32. The disclosure for this sale can be found here. Insiders sold 165,866 shares of company stock valued at $11,323,058 over the last ninety days. Corporate insiders own 1.40% of the company’s stock.
Ventas (NYSE:VTR) last announced its quarterly earnings results on Friday, July 26th. The real estate investment trust reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.38). Ventas had a net margin of 13.34% and a return on equity of 4.78%. The company had revenue of $950.70 million during the quarter, compared to analysts’ expectations of $931.16 million. During the same period last year, the firm earned $0.46 earnings per share. Ventas’s revenue was up .9% on a year-over-year basis. On average, equities analysts expect that Ventas, Inc. will post 3.83 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Monday, July 1st were issued a $0.7925 dividend. The ex-dividend date was Friday, June 28th. This represents a $3.17 dividend on an annualized basis and a dividend yield of 4.43%. Ventas’s payout ratio is 77.89%.
Several equities research analysts have recently issued reports on VTR shares. ValuEngine cut shares of Ventas from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Bank of America reissued a “neutral” rating and issued a $72.50 price target (up from $67.00) on shares of Ventas in a research report on Friday, June 21st. Royal Bank of Canada boosted their price target on shares of Ventas to $71.00 and gave the company an “in-line” rating in a research report on Thursday, June 20th. Mitsubishi UFJ Financial Group boosted their price target on shares of Ventas to $67.00 and gave the company a “neutral” rating in a research report on Wednesday, June 19th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $73.00 price target on shares of Ventas in a research report on Monday, July 29th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $66.59.
Ventas, Inc, an S&P 500 company, is a leading real estate investment trust. Its diverse portfolio of approximately 1,200 assets in the United States, Canada and the United Kingdom consists of seniors housing communities, medical office buildings, university-based research and innovation centers, inpatient rehabilitation and long-term acute care facilities, and health systems.
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